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Ukrainian economy could contract 35-40% by year-end – minister

By Thomson Reuters Aug 19, 2022 | 7:54 AM

KYIV (Reuters) – Ukraine’s economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday.

Hit by Russia’s Feb. 24 invasion, the economy contracted 15.1% year-on-year in the first quarter of 2022.

(Reporting by Pavel Polityuk; writing by Tom Balmforth; Editing by Toby Chopra)